thanks ducksterso i'm really better off with a split loan as i'll be saving cost.

Thanks all for your valuable advice. Jason is right…I am thinking about my own comfort. The bathroom will need work be done before we rent it out as there's a small leak somewhere in the water pipe of the toilet. I don't think the tiles were done properly by the previous owner. Water must be sipping through as the paint on the outside walls of…[Read more]

It certainly makes sense. Thanks heaps DD.

Thanks for all your help. I contacted Washington Brown and asked for an estimate. Certainly worthwhile.

What is the difference between using the equity and increasing the loan amount if it makes any sense?

Hi Terry,Thanks for that. Should I withdraw any extra repayments and put that into an offset account when I change to IO laon? Can you recommend any lenders? ThanksLucia

Qlds007 wrote:
Hi DarrenFlexibility is the key and therefore why would you want to pay off the principal when you might 1 day rent the property out.If you redraw the principal payments you have made back during the time when you are living in the property the interest becomes non tax deductible so to me i can see NO reason why you would do so.St…[Read more]